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TAIYO KAGAKU, First Half Ordinary Profit Unexpectedly Revised Upward by 27%

Tue Nov 4, 2025 3:40 pm JST Earnings

2902 TAIYO KAGAKU CO.,LTD. 【J-GAAP】

Earnings Report

TAIYO KAGAKU CO.,LTD. <2902> [NSE Main] announced its financial results after the market closed on November 4th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 27.5% from the same period last year, reaching 3.87 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.3% decrease.

Progress toward the full-year plan of 6.00 billion yen was 64.6%, almost the same as the five-year average of 62.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 39.9% from the same period last year to 2.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 40.6% from the same period last year, reaching 2.11 billion yen. The operating profit margin rose from 12.4% in the same period last year to 14.7%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Apr - Sep, 2023
24,517M 2,464M 2,658M 1,721M 101.7 90.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024
24,986M 2,963M 3,041M 2,252M 132.8 46.3 Nov 5, 2024 J-GAAP
Apr - Sep, 2025
26,023M 3,608M 3,876M 2,391M 141.7 64.6 Nov 4, 2025 J-GAAP
YoY +4.2% +21.8% +27.5% +6.2% +6.7%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Apr - Sep, 2025 Guidance 26,000M 3,000M 3,000M 2,000M 118.5 20 May 7, 2025 J-GAAP
Apr - Sep, 2025 Results 26,023M 3,608M 3,876M 2,391M 141.7 20 Nov 4, 2025 J-GAAP
Revision Rate +0.1% +20.3% +29.2% +19.6% +19.6%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Oct - Mar, 2024
25,058M 3,249M 3,532M 2,372M 140.1 72 May 7, 2025 J-GAAP
Guidance
Oct - Mar, 2025
24,977M 2,392M 2,124M 1,609M 96.2 63 Nov 4, 2025 J-GAAP
YoY -0.3% -26.4% -39.9% -32.2% -31.4%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2024
47,665M 4,512M 2,954M 2,411M 142.4 55 May 7, 2024 J-GAAP
Mar, 2025
50,044M 6,212M 6,573M 4,624M 273.2 82 May 7, 2025 J-GAAP
Guidance
Mar, 2026
51,000M 6,000M 6,000M 4,000M 239.0 83 May 7, 2025 J-GAAP
YoY +1.9% -3.4% -8.7% -13.5% -12.5%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2024
12,525M 1,548M 1,505M 1,270M 74.9 12.4 Nov 5, 2024 J-GAAP
Oct - Dec, 2024
12,939M 1,620M 1,842M 1,265M 74.6 12.5 Feb 10, 2025 J-GAAP
Jan - Mar, 2025
12,119M 1,629M 1,690M 1,107M 65.4 13.4 May 7, 2025 J-GAAP
Apr - Jun, 2025
12,779M 1,658M 1,760M 1,038M 61.6 13.0 Aug 4, 2025 J-GAAP
Jul - Sep, 2025
13,244M 1,950M 2,116M 1,353M 80.2 14.7 Nov 4, 2025 J-GAAP
YoY +5.7% +26.0% +40.6% +6.5% +7.1%